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Australian government outlines ‘fit for purpose’ digital asset framework plans to become a ‘global industry leader’

Australian government outlines ‘fit for purpose’ digital asset framework plans to become a ‘global industry leader’

The Australian government's Treasury department has outlined plans to develop a 'fit for purpose' digital asset regime to help build a more dynamic and competitive economy that balances innovation with consumer protection. In a paper released by the country's Treasury department on Thursday, the gov…

Strategy upsizes STRF perpetual preferred stock offering to $722.5 million to buy more bitcoin

Strategy upsizes STRF perpetual preferred stock offering to $722.5 million to buy more bitcoin

Bitcoin treasury company Strategy, formerly MicroStrategy, announced the pricing of its STRF offering on Friday, upsizing the deal from $500 million to $722.5 million.Strategy will offer 8,500,000 shares of its 10% Series A Perpetual Strife Preferred Stock at $85.00 per share, according to a stateme…

Bybit CEO says $16 million worth of stolen bitcoin funneled through Wasabi mixer to P2P vendors

Bybit CEO says $16 million worth of stolen bitcoin funneled through Wasabi mixer to P2P vendors

Bybit hackers are sending stolen bitcoin to mixers and peer-to-peer vendors following the $1.5 billion cryptocurrency hack at the exchange in February 2025.Amid the ongoing recovery efforts, co-founder and CEO Ben Zhou reported that hackers converted 86% of the stolen funds, amounting to 440,091 ETH…

Gotbit founder to forfeit $23 million in stablecoins as part of plea deal in market manipulation case

Gotbit founder to forfeit $23 million in stablecoins as part of plea deal in market manipulation case

Gotbit founder Alex Andryunin signed a plea deal with the U.S. Attorney for the District of Massachusetts, Leah B. Foley, on Wednesday in connection to wire fraud and crypto market manipulation charges.Andryunin, a Russian national, agreed to forfeit a total of $22.9 million in stablecoins — $18.7 m…

UNI token holders approve $165.5 million in new foundation funding, laying groundwork for long-promised ‘fee switch’

UNI token holders approve $165.5 million in new foundation funding, laying groundwork for long-promised ‘fee switch’

The Uniswap community has voted in favor of two governance proposals to drive growth of the recently launched Unichain Layer 2 and Uniswap v4 protocols through a new grants program and other liquidity incentives. Notably, the governance decision lays the groundwork to activate the long-promised "fee…

Crypto venture deals drop 60% since October as investors turn more selective

Crypto venture deals drop 60% since October as investors turn more selective

The monthly count of crypto venture deals has contracted significantly, with only 116 private deals tracked in February, marking one of the lowest points in recent years. This represents a substantial decline from the 300+ deals recorded in October 2024 — a 60% drop within a five-month period.This s…

Operators of shuttered Russian crypto exchange Garantex appear to move customer funds to a new trading platform

Operators of shuttered Russian crypto exchange Garantex appear to move customer funds to a new trading platform

The operators of the sanctioned crypto exchange Garantex have reportedly spun up a new trading platform, according to analytics firm Global Ledger. The new exchange, Grinex, is also allegedly operated out of Russia."Swiss blockchain analytics company Global Ledger has completed its investigation and…

Ethereum’s stablecoin dominance grows as USDC and USDT drive $850 billion in volume

Ethereum’s stablecoin dominance grows as USDC and USDT drive $850 billion in volume

While speculative assets face significant headwinds, Ethereum's stablecoin ecosystem continues to demonstrate remarkable resilience and utility.Onchain volume of stablecoins has maintained impressive momentum, averaging approximately $800 billion monthly over the past four months. The daily count of…

A16z Crypto names Miles Jennings as head of policy amid Washington’s growing focus on crypto

A16z Crypto names Miles Jennings as head of policy amid Washington’s growing focus on crypto

As attention toward crypto ramps up in Washington, venture capital fund a16z crypto has tapped its general counsel, Miles Jennings, to become head of policy.Founding general partner Chris Dixon announced the appointment on Tuesday and noted that Jennings' predecessor as head of policy, Brian Quinten…

Crypto payments firm RedotPay raises $40 million from Lightspeed, Galaxy Ventures and others

Crypto payments firm RedotPay raises $40 million from Lightspeed, Galaxy Ventures and others

RedotPay, a crypto payment platform aimed at allowing users to spend digital assets with ease, has raised $40 million in a Series A funding round led by Lightspeed, the company said on Friday.Founded in 2023, RedotPay has over 3 million users across the globe, according to a statement. The "crypto c…

UK CPS authorizes charges against NCA officer over alleged theft of bitcoin now worth $4.2 million

UK CPS authorizes charges against NCA officer over alleged theft of bitcoin now worth $4.2 million

The UK's Crown Prosecution Service has authorized charges against National Crime Agency officer Paul Chowles related to an alleged bitcoin theft in 2017."We have authorised Merseyside Police to charge National Crime Agency officer Paul Chowles with 15 offences relating to the alleged theft of 50 bit…

Ethereum developers to launch new ‘Hoodi’ testnet ahead of much-anticipated Pectra upgrade

Ethereum developers to launch new ‘Hoodi’ testnet ahead of much-anticipated Pectra upgrade

Ethereum Foundation developers will launch a new testnet called Hoodi, according to an All Devs Call on Thursday. The new "long-lived" testnet is expected to launch next week, on March 17. The move came about a week after Ethereum researchers and developers convened to discuss the fallout from the p…